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Principles: Life and Work
Principles: Life and Work
Principles: Life and Work
Audiobook16 hours

Principles: Life and Work

Written by Ray Dalio

Narrated by Ray Dalio and Jeremy Bobb

4.5/5

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About this audiobook

Ray Dalio, one of the world's most successful investors and entrepreneurs, shares the unconventional principles that he's developed, refined, and used over the past forty years to create unique results in both life and business—and which any person or organization can adopt to help achieve their goals.

In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Bridgewater has made more money for its clients than any other hedge fund in history and grown into the fifth most important private company in the United States, according to Fortune magazine. Dalio himself has been named to Time magazine's list of the 100 most influential people in the world. Along the way, Dalio discovered a set of unique principles that have led to Bridgewater's exceptionally effective culture, which he describes as "an idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency." It is these principles, and not anything special about Dalio—who grew up an ordinary kid in a middle-class Long Island neighborhood—that he believes are the reason behind his success.

In Principles, Dalio shares what he's learned over the course of his remarkable career. He argues that life, management, economics, and investing can all be systemized into rules and understood like machines. The book's hundreds of practical lessons, which are built around his cornerstones of "radical truth" and "radical transparency," include Dalio laying out the most effective ways for individuals and organizations to make decisions, approach challenges, and build strong teams. He also describes the innovative tools the firm uses to bring an idea meritocracy to life, such as creating "baseball cards" for all employees that distill their strengths and weaknesses, and employing computerized decision-making systems to make believability-weighted decisions. While the book brims with novel ideas for organizations and institutions, Principles also offers a clear, straightforward approach to decision-making that Dalio believes anyone can apply, no matter what they're seeking to achieve.

Here, from a man who has been called both "the Steve Jobs of investing" and "the philosopher king of the financial universe" (CIO magazine), is a rare opportunity to gain proven advice unlike anything you'll find in the conventional business press.

Editor's Note

Hit your goals…

You’re not maximizing your potential. Turn that potential into reality with these proven tools for decision-making, conquering challenges, and building strong teams from “the Steve Jobs of investing.” You won’t get his innovative advice from conventional business guides.

LanguageEnglish
PublisherSimon & Schuster Audio
Release dateSep 19, 2017
ISBN9781508243250
Author

Ray Dalio

Ray Dalio is Founder, Co-CIO and Member of the Bridgewater Board, which, over the last forty years, has become the largest and best-performing hedge fund in the world. Dalio has appeared on the Time 100 list of the most influential people in the world as well as the Bloomberg Markets list of the 50 most influential people. He is also #1 New York Times bestselling author of Principles, Principles for Navigating Big Debt Crises, and Principles for Dealing with the Changing World Order. He lives with his family in Connecticut.

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Reviews for Principles

4.5/5

1,407 ratings105 reviews

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  • 5/5
    Such insightful and practicable principles can be applied in real life and work scenarios. Ray Dario gave a great impact in my life. Thanks
  • 5/5
    good book, it is worth to read. the book provides many useful principles
  • 4/5
    Useful learning from an experienced leader and data-driven improver who shares his own principles for life and work.
  • 5/5
    Effective management book well written and narrated by one of the greatest game changers of our time. A must for everyone in business!
  • 5/5
    Great book! I love the sound of an idea meritocracy and it's interesting seeing how Bridgewater has been able to implement it.
  • 5/5
    a comprehensive work and life manual, from someone who has obviously succeeded. Good stuff..
  • 5/5
    Best business/life book out there. The audiobook is really good, however, I suggest getting the physical copy. Hand in hand you should have no issues succeeding in what you want applying the principles outlined in the book. Simply amazing.
  • 5/5
    One of the best business/ life books. It's broken down into work and life sections but blends so well. Looking forward to adopting some of these principles and tools!
  • 5/5
    Wow. Extremely comprehensive and illustrated with deeper meaning. A must read for any business owner.
  • 4/5
    Loved the no nonsense style of narration and content. Like the clear thinking thought process of Ray and sharing what he has learnt from life and what worked for him. Definitely provides a lot to reflect on and figure out what works for each of us.
  • 5/5
    Very comprehensive advise based on decades of experience and data.
  • 4/5
    Great life insight, perspective, thought all related to our decision making
  • 5/5
    Life changing. Thanks, Ray Dalio. You've truly completed this phase of your life!
  • 4/5
    This book by Ray Dalio is good. I won't go so far as to say it is excellent because it is long, and you will find some repetition in the book. Ray Dalio divided the book into three sections - his autobiography (of sorts), principles for life, and principles for business. I found the first section most interesting. This is where he described his journey, his mistakes, and his successes. The second section - principles for life - is superb as well. When he reached the third section, I believe he faltered. The principles are excellent. There is no doubt about this. But, I felt that most people don't apply all of them. I assume he applied all the principles but did not explain where he failed. This section was a bit tedious, and I quickly went through the last chapters. If the book was shorter by about 50 pages, it would be more effective.
  • 4/5
    Very dense and probably best to buy that hard copy as a reference to building out your systems!
  • 5/5
    I decided to read this book after hearing Ray Dalio speak in Abu Dhabi. Amazing book , great voice acting. Thanks
  • 5/5
    Very interesting insights that one can really apply on all relationships family, friends or work! Highly recommend it to everyone
  • 5/5
    It’s a game changer! Highly recommend for entrepreneurs and management teams.
  • 5/5
    The best book/audiobook because it have widen my viewpoint of the world and the mechanics of how we should improve, maximize our potential and with the people we interact. I have recognized some same thoughts about automation. But Ray's experience explained it well and how to achieve a better understanding of it.
  • 5/5
    Often we read books about Steve Jobs and Elon Musk written by other people which tries to understand how these guys function. The views are still third party.
    Ray Dalio, on the other hand, wrote a book on his way of dealing with the world. For the first time ever you can see through a brain of a billionaire. He doesn't only shares his own set of principles, he tells you how to build your own set of principles by embracing your reality and your world. This book is insanely rational and analytical and teaches you how to look at everything related to you objectively.
  • 5/5
    An absolute must read. Not only it gives an idea the way to run a bussiness but also about life as a whole.
  • 5/5
    Principles is a treasure trove. Lots of very valuable lessons that I will definitely apply!
  • 5/5
    Awesome book. Recommend it for all, precise and straight to the point
  • 5/5
    Work principles is going to be a once every 6 months kinda of book for me. Taught me about core values, building a culture through meaningful relationships, systemized decision making, using algorithms to plot out data and decisions instead of having people do it, process flow diagrams, and thinking of the organization as a machine.
  • 5/5
    It is a bible for Every hr employee . .
  • 5/5
    I like the systematic approach that Ray Dalio uses to handle not only his financial decisions but also his business. There are pros and cons as in everything in any leadership style, but the meritocracy approach certainly has a good point. Transparency and integrity between a group vital to any business success.
  • 5/5
    Fascinating book sharing a lot of useful and insightful ideas and information.
  • 5/5
    Ray is a legend, a humble legend.

    If only

    1) people seeks out and internalise his wisdom
    2) self challenge to be better and take the harder road (or just sitting and consume crap)
    3) and be able to ask the RIGHT questions ..

    #MustRead/Listen
  • 4/5
    I liked it. I would have give it 5-stars if he could use more examples of other companies. Not everyone has the same company as bridgewater
  • 5/5
    Highly recommended. Great book for leadership and purpose driven in day to day and working life. Also, good for development in management skills.